TPMs ranked by revenue
June 28, 2016 2:28 PM
TPMs ranked by revenue
Most banks and credit unions outsource their investment services programs to third-party broker dealers, inexplicably dubbed third-party marketers. The TPMs are unseen, at least by the clients, yet a critical part of the process; in many ways, they are the backbone of the bank channel.
Bank Investment Consultant published a special report on the TPMs recently, but we were not able to use all the data we had available to us from Kehrer Bielan Research & Consulting.
Scroll through to see a new ranking of the firms based on bank channel revenue over the past two years, as well as the share of overall revenue for each one. (Essex is not listed because it was acquired by Infinex in 2015.)
Bank Investment Consultant published a special report on the TPMs recently, but we were not able to use all the data we had available to us from Kehrer Bielan Research & Consulting.
Scroll through to see a new ranking of the firms based on bank channel revenue over the past two years, as well as the share of overall revenue for each one. (Essex is not listed because it was acquired by Infinex in 2015.)
10. Securities America
2015
Total revenue (millions): $22
Market share of revenue: 1.1%
2014
Total revenue (millions): $21
Market share of revenue: 1.1%
Total revenue (millions): $22
Market share of revenue: 1.1%
2014
Total revenue (millions): $21
Market share of revenue: 1.1%
9. Investment Professionals
2015
Total revenue (millions): $64
Market share of revenue: 3.3%
2014
Total revenue (millions): $64
Market share of revenue: 3.3%
Total revenue (millions): $64
Market share of revenue: 3.3%
2014
Total revenue (millions): $64
Market share of revenue: 3.3%
8. Investment Centers of America
2015
Total revenue (millions): $65
Market share of revenue: 3.4%
2014
Total revenue (millions): $72
Market share of revenue: 3.7%
Total revenue (millions): $65
Market share of revenue: 3.4%
2014
Total revenue (millions): $72
Market share of revenue: 3.7%
7. Invest Financial
2015
Total revenue (millions): $92
Market share of revenue: 4.8%
2014
Total revenue (millions): $100
Market share of revenue: 5.2%
Total revenue (millions): $92
Market share of revenue: 4.8%
2014
Total revenue (millions): $100
Market share of revenue: 5.2%
6. Infinex Financial
2015
Total revenue (millions): $107
Market share of revenue: 5.6%
2014
Total revenue (millions): $88
Market share of revenue: 4.6%
Total revenue (millions): $107
Market share of revenue: 5.6%
2014
Total revenue (millions): $88
Market share of revenue: 4.6%
5. CUNA Brokerage Services
2015
Total revenue (millions): $154
Market share of revenue: 8.0%
2014
Total revenue (millions): $147
Market share of revenue: 7.6%
Total revenue (millions): $154
Market share of revenue: 8.0%
2014
Total revenue (millions): $147
Market share of revenue: 7.6%
4. CUSO Financial/Sorrento
2015
Total revenue (millions): $174
Market share of revenue: 9.0%
2014
Total revenue (millions): $167
Market share of revenue: 8.7%
Total revenue (millions): $174
Market share of revenue: 9.0%
2014
Total revenue (millions): $167
Market share of revenue: 8.7%
3. Raymond James
2015
Total revenue (millions): $285
Market share of revenue: 14.8%
2014
Total revenue (millions): $265
Market share of revenue: 13.8%
Total revenue (millions): $285
Market share of revenue: 14.8%
2014
Total revenue (millions): $265
Market share of revenue: 13.8%
2. Cetera
2015
Total revenue (millions): $300
Market share of revenue: 15.6%
2014
Total revenue (millions): $286
Market share of revenue: 14.9%
Total revenue (millions): $300
Market share of revenue: 15.6%
2014
Total revenue (millions): $286
Market share of revenue: 14.9%
1. LPL Financial
2015
Total revenue (millions): $622
Market share of revenue: 32.3%
2014
Total revenue (millions): $632
Market share of revenue: 32.9%
Total revenue (millions): $622
Market share of revenue: 32.3%
2014
Total revenue (millions): $632
Market share of revenue: 32.9%
